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Global Trade & Economics: Page 165

Grounded Dark-Fleet Oil Tanker Gets Cargo Removed Near Indonesia

A so-called dark fleet of tankers like the Liberty, which already existed before Russia invaded Ukraine, has ballooned since.

Cameroon is deemed “very high risk” as a ship registry by authorities. Photo: iStock.com/NatanaelGinting

EU Reaches Deal to Enable Nations to Ban Russian LNG Imports

The European Parliament and the EU Council endorsed December 8 part of a package that sets common rules for natural gas, renewable gases and hydrogen.

Photo: David Hecker/Getty Images/Bloomberg

Toyota and Cirba Partner for Battery Recycling Network

The partnership will focus on the collection, transportation, breaking down and processing of end-of-life lithium-ion EV batteries from the midwest and eastern U.S.

Toyota Highlander. Philadelphia, Pennsylvania. March 11, 2018. Photo: iStock.com/helen89

China Says Biden Battery Limitations Violate WTO Rules

The plan makes EVs ineligible for tax credits if they use more than a trace amount of materials from China or other nations designated as a “foreign entity of concern."

Photo: iStock.com/sarawuth702

Italy Pulling Out of Belt and Road Initiative

Italy’s BRI participation was set to be automatically renewed in March 2024 before the country notified China it was withdrawing from the initiative.

Photo: iStock.com/Nikola93

Nissan to Buy Parts from Renault-Geely Venture in Alliance Rejig

The Japanese carmaker will receive gearboxes and engines for 12 of its plants, as well as half a million parts annually, the companies said December 6.

Israeli Ships Reroute to Avoid Houthi Attacks

Ships have begun diverting from passage through the Suez Canal, instead sailing around the Cape of Good Hope, clocking up 7,000 extra nautical miles.

Haifa, Israel. Photo: iStock.com/Kateryna Mashkevych

BASF Buys into Offshore German Wind Farms to Reduce Carbon Footprint

BASF said that it will receive about half of the electricity produced at the sites, which will total the amount consumed by 1.6 million German homes.

Ludwigshafen, Germany. Photo: iStock.com/U. J. Alexander

Shipping CEOs at COP28 Announce Collaboration to Decarbonize Industry

An “unprecedented” collaboration between global shipping lines will focus on regulatory measures needed to create the right investment conditions for shipping’s green transition.

In one solution to reliance on fossil fuel, these rotor sails generate forward thrust as the wind causes pressure difference around the rotating rotor while a vessel is underway. Photo: Dealfeng New Energy Technology.

Hungary Plans to Build €6B Dubai-Style Budapest District

Prime Minister Viktor Orban has mandated the construction of a major project reminiscent of Dubai in terms of its grandeur.

Photo: Bloomberg

Panama Chaos Grows as U.S. Diesel Shippers Bypass Canal

In the past, such delays tended to be related to maintenance work, and, as such, were mostly short-lived, but there is little relief in sight in the months ahead.

Photo: iStock.com/Federico Barbieri

Europe, U.K. Lag in Race for Electric Car Battery Raw Materials

Tesla in the U.S. and China’s BYD are significantly ahead of many of their European rivals in securing access to key raw materials.

Roros, Norway. Photo: iStock.com/Dmitry_Chulov

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How a Leading U.S. Floral Distribution Company Reduced Warehouse Labor Costs by 45% with RFID

Recycled Tagging Fasteners: Small Changes Make a Big Impact

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Enhancing High-Value Electronics Shipment Security with Tive's Real-Time Tracking

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